Comtech Telecommunications (NASDAQ:CMTL) Coverage Initiated at Northcoast Research

Northcoast Research began coverage on shares of Comtech Telecommunications (NASDAQ:CMTL) in a report issued on Thursday. The firm set a “buy” rating and a $2.50 price target on the communications equipment provider’s stock. Northcoast Research’s price target would indicate a potential upside of 46.20% from the stock’s previous close.

Several other analysts have also recently commented on CMTL. Weiss Ratings cut shares of Comtech Telecommunications from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, June 30th. Wall Street Zen lowered Comtech Telecommunications from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $2.50.

Comtech Telecommunications Stock Performance

Comtech Telecommunications stock opened at $1.71 on Thursday. The company has a market cap of $51.23 million, a PE ratio of -0.77 and a beta of 1.51. The company has a current ratio of 1.61, a quick ratio of 1.19 and a debt-to-equity ratio of 4.02. Comtech Telecommunications has a 1 year low of $1.59 and a 1 year high of $6.21. The company’s 50-day moving average is $3.23 and its two-hundred day moving average is $4.20.

Comtech Telecommunications (NASDAQ:CMTL) last issued its quarterly earnings results on Monday, June 15th. The communications equipment provider reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.05. The company had revenue of $106.00 million during the quarter, compared to analysts’ expectations of $110.20 million. Comtech Telecommunications had a negative net margin of 5.52% and a positive return on equity of 9.77%. Equities analysts anticipate that Comtech Telecommunications will post -0.9 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CMTL. Hsbc Holdings PLC raised its position in Comtech Telecommunications by 17.0% in the 1st quarter. Hsbc Holdings PLC now owns 22,609 shares of the communications equipment provider’s stock valued at $72,000 after buying an additional 3,278 shares during the last quarter. Geode Capital Management LLC boosted its position in Comtech Telecommunications by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 338,589 shares of the communications equipment provider’s stock worth $1,792,000 after acquiring an additional 3,411 shares during the last quarter. UBS Group AG boosted its position in Comtech Telecommunications by 1.8% during the 3rd quarter. UBS Group AG now owns 236,937 shares of the communications equipment provider’s stock worth $611,000 after acquiring an additional 4,157 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Comtech Telecommunications during the 4th quarter worth approximately $26,000. Finally, Cetera Investment Advisers grew its stake in shares of Comtech Telecommunications by 25.9% during the 2nd quarter. Cetera Investment Advisers now owns 25,250 shares of the communications equipment provider’s stock worth $62,000 after acquiring an additional 5,192 shares in the last quarter.

About Comtech Telecommunications

Comtech Telecommunications Corporation (NASDAQ:CMTL), founded in 1969 and headquartered in Melville, New York, is a leading global provider of advanced communications solutions. The company designs, develops, and deploys equipment, systems, and services that enable secure and reliable transmission of voice, video, and data. Over its history, Comtech has built a reputation for innovation across satellite communications, wireless data systems, and public safety networks, serving both commercial and government customers worldwide.

Comtech operates through two primary business segments: Commercial Solutions and Government Solutions.